Hyperscalers Soar as Microsoft and Amazon Deliver Strong Earnings

Hyperscaler stocks rose on Monday as positive earnings results from Microsoft and Amazon last week boosted investor confidence in artificial intelligence leaders.

Microsoft and Amazon climbed more than 5%, while Oracle jumped 6%, Meta rose over 7%, and Google was up more than 5%.

Amazon's stock moves helped push the company's market capitalization past the $3 trillion mark for the first time.

Microsoft said it saw record cloud revenue, with its Azure business topping $100 billion in annual sales for the first time. Azure revenue grew 43% during the company's fourth quarter, and leadership said it anticipates further acceleration in Q1.